Obamanopoly - Senator Orrin Hatch comments on the President's fiscal (ir)responsibility
Obamanopoly
10 July, 2009 (15:50) | Congress, Economics | By: Tom McClusky | ShareThis
Senator Orrin Hatch (R-Utah) must be on some sort of roll. First he takes to task Senator Barbara Mikulski (D-Minimis) for including abortion in the Senate health care bill (watch the video here) Now he just took to the Senate floor to school president Obama on his government takeover.
“I rise today to talk about the richest man in the world, the new king of the hill. You won’t find this financial titan in Forbes’ list of the world’s billionaires. He hasn’t started a mega-computer software company like Bill Gates, nor has he made shrewd investments or inherited his money like Wal-Mart…He recently said, ‘I don’t want to run auto companies. I don’t want to run banks. I’ve got two wars I’ve got to run already. I’ve got more than enough to do, so the sooner we get out of that business, the better off we’re going to be.’ I doubt even John D. Rockefeller, Cornelius Vanderbilt or William Randolph Hearst could ever have dreamed of having that amount of control. But, despite his confessed eagerness to divest himself of his newfound unprecedented wealth, the world’s richest man, President Obama, seems reluctant to relinquish his vast holdings. I’m beginning to think he actually enjoys this, what I call Obamanopoly.”
SUMMARY “I wonder how Madison would have viewed some of our current president’s recent decisions. Mr. President, ours is a ghost government, that from the very beginning has been limited in what it can do and how far it may encroach into the private sphere. Those limits are not defined by the nation’s economic circumstances or political whims. There is not an exception in the Constitution that allows popular presidents to exercise more power than unpopular ones. Ours is the oldest functioning constitutional republic on the planet. Not because of change, hope, or adaptation, but because of consistency and respect for the limitations imposed upon our institutions. I believe many of the times we have struggled have been those in which we have strayed from the principal obligation that our Constitution imposes on the federal government, the obligation to control itself.”
SUMMARY “More Americans than ever agree that we need to rein in this administration’s runaway government spending. According to a Washington Post/ABC News poll, barely half of Americans are now confident that President Obama’s $787 billion stimulus measure will boost the economy. Think about it. Barely half of all Americans. Furthermore, a USA Today poll reveals that a 51% majority disapproved of the job he has done in controlling federal spending. Even President Obama agrees with this. After the massive amounts of government spending he has signed into law, President Obama had the audacity to proclaim in an April 18 weekly address that we need to restore responsibility and accountability to our federal budget. Who are we kidding? The president cannot put us on a course to a $9 trillion deficit and then tell us that we need to be more fiscally responsible. That is akin to someone killing their parents and then complaining about being an or orphan.”
10 July, 2009 (15:50) | Congress, Economics | By: Tom McClusky | ShareThis
Senator Orrin Hatch (R-Utah) must be on some sort of roll. First he takes to task Senator Barbara Mikulski (D-Minimis) for including abortion in the Senate health care bill (watch the video here) Now he just took to the Senate floor to school president Obama on his government takeover.
“I rise today to talk about the richest man in the world, the new king of the hill. You won’t find this financial titan in Forbes’ list of the world’s billionaires. He hasn’t started a mega-computer software company like Bill Gates, nor has he made shrewd investments or inherited his money like Wal-Mart…He recently said, ‘I don’t want to run auto companies. I don’t want to run banks. I’ve got two wars I’ve got to run already. I’ve got more than enough to do, so the sooner we get out of that business, the better off we’re going to be.’ I doubt even John D. Rockefeller, Cornelius Vanderbilt or William Randolph Hearst could ever have dreamed of having that amount of control. But, despite his confessed eagerness to divest himself of his newfound unprecedented wealth, the world’s richest man, President Obama, seems reluctant to relinquish his vast holdings. I’m beginning to think he actually enjoys this, what I call Obamanopoly.”
SUMMARY “I wonder how Madison would have viewed some of our current president’s recent decisions. Mr. President, ours is a ghost government, that from the very beginning has been limited in what it can do and how far it may encroach into the private sphere. Those limits are not defined by the nation’s economic circumstances or political whims. There is not an exception in the Constitution that allows popular presidents to exercise more power than unpopular ones. Ours is the oldest functioning constitutional republic on the planet. Not because of change, hope, or adaptation, but because of consistency and respect for the limitations imposed upon our institutions. I believe many of the times we have struggled have been those in which we have strayed from the principal obligation that our Constitution imposes on the federal government, the obligation to control itself.”
SUMMARY “More Americans than ever agree that we need to rein in this administration’s runaway government spending. According to a Washington Post/ABC News poll, barely half of Americans are now confident that President Obama’s $787 billion stimulus measure will boost the economy. Think about it. Barely half of all Americans. Furthermore, a USA Today poll reveals that a 51% majority disapproved of the job he has done in controlling federal spending. Even President Obama agrees with this. After the massive amounts of government spending he has signed into law, President Obama had the audacity to proclaim in an April 18 weekly address that we need to restore responsibility and accountability to our federal budget. Who are we kidding? The president cannot put us on a course to a $9 trillion deficit and then tell us that we need to be more fiscally responsible. That is akin to someone killing their parents and then complaining about being an or orphan.”
